Fall in Australian coal prices raises concerns about economics of Adani’s proposed Carmichael mine

first_imgFall in Australian coal prices raises concerns about economics of Adani’s proposed Carmichael mine FacebookTwitterLinkedInEmailPrint分享Reuters:A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is a key issue.Final approval of the Carmichael coal mine in Queensland, owned by India’s Adani Enterprises, should come in “a matter of weeks, not months” following nearly a decade on the drawing board, the company’s mining chief executive, Lucas Dow, told Reuters last month.But a 40 percent slump in benchmark Australian thermal coal prices since mid-2018 to a two-year low last month, points to tight profit margins and questions as to whether the economics will support the launch of the mine as soon as next year.Adani has said it is aiming to start producing 10 million tonnes a year of coal from March 2020, but analysts say the target date is optimistic.“I think a lot of people are doubting as to whether it will see the light of day,” said Wood Mackenzie analyst Victor Tanevski in Sydney. Tanevski suggests benchmark Newcastle 6,000 grade coal would need to be close to $100 a tonne for the mine to break even. The 6,000 benchmark was quoted at $86.20 on Thursday.Analysts suggest the mine is unlikely to start commercial production until the middle of the next decade at the soonest, if at all. A profit margin of $8-$12 a tonne is half the averages of 2017 and 2018, highlighting how rapidly the market has turned since the Paris agreement on climate change.More: In a sunset industry, economics of Adani’s Australian coal mine questionedlast_img read more

WELLA I NEVER! SHARON PROVES SHE IS A CUT ABOVE THE REST

first_imgSharon Higgins proves she really is a cut above the rest.Sharon is pictured with her local model Trina McGarvey and some staff members from Patrick Gildea Hairdressing at Dublin’s Mansion House.No, they weren’t on a sightseeing tour of Dublin! The group attended a very glamorous night attended by some of Ireland’s top hairdressers at the Trend Vision Hairdressing Competition.Sharon was selected to represent Ireland in the Wella Trend Vision Awards in London in October.   WELLA I NEVER! SHARON PROVES SHE IS A CUT ABOVE THE REST was last modified: September 5th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Patrick Gildea HairdressersSharon Higginslast_img read more

Relief as missing woman is found safe

first_imgA Donegal woman who was reported missing since yesterday has thankfully been found safe and well.Gardaí issued an appeal this Sunday evening for help finding a 24-year-old woman from Quigley’s Point.The post was widely shared across social media, and within an hour, Gardaí gladly reported that the woman is now home after being found safe and well.  Relief as missing woman is found safe was last modified: December 10th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

49ers vs. Giants: Five keys to winning Nick Mullens encore

first_imgSANTA CLARA – Nick Mullens returns Monday night to his field of dreams, or at least to where a lifelong dream was fulfilled at Levi’s Stadium, by virtue of a smashing debut as the 49ers latest quarterback.He got emotional after that 34-3 rout of the Raiders, doing so in a nationally televised interview and again on his way into the 49ers locker room.How come? It wasn’t for selfish reasons, at least not publicly, which is noble.“It’s just everything that this team works for,” Mullens said. …last_img read more

Roost wants to keep you from laying pipe all night long

first_imgWhy IoT Apps are Eating Device Interfaces Tags:#CES2017#insurance#Internet of Things#IoT#Roost#smart home#water damage Related Posts Smart home supplier Roost has confirmed at the Consumer Electronics Show (CES) 2017 that its Smart Water Leak and Freeze Detector is now available for pre-order.The appliance aims to improve home safety by sending “up-to-the-minute” alerts to a homeowner’s smartphone on any water damages. Roost says the detector could save the consumers and the insurance companies $10 billion in water losses and claims every year.See Also: The Eyes have it: Bosch adds new camera to smart home lineupThe detector can recognize different types of water damage, depending on where the homeowner places the device. It can alert homeowners to broken pipes, basement leaks, frozen pipes, mold and mildew damage, and problems with heating and cooling systems.Only five minutes to set upAccording to Roost, the water and freeze detector can be set up in five minutes and does not require a professional installation, unlike some other detectors on the market. It also lasts for three years on four AAA batteries, while connected to the home Wi-Fi network.“With the new Roost Smart Water Leak and Freeze Detector, we are expanding our smart home product offering to help mitigate the risk of water leaks and freeze damage in homes and apartments,” said Roel Peeters, Roost CEO and co-founder.“Especially timely for the cold winter months, the Smart Water Leak and Freeze Detector provides a best-of-breed solution, at an affordable price point, that delivers critical smartphone alerts, to help owners take faster action and mitigate the nightmare of costly home repair work,” he added.Roost won an Innovation Award Honoree in the Smart Home category at CES 2017 for the Smart Water Leak and Freeze Detector, and the device has been on display at the event.It will start shipping the water damage detector to consumers in February. David Currycenter_img Follow the Puck Internet of Things Makes it Easier to Steal You… Small Business Cybersecurity Threats and How to…last_img read more